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Silvercorp sees profit drop 26%, blames 'short and distort' scheme

By: Matthew Hill Silvercorp Metals, which is suing the anonymous short sellers that accused it of fraud last year, on Wednesday reported a 26% year-on-year drop in proft for the quarter ended December 31, to $27-million, owing to lower production and a higher tax bill at its main Chinese operation. Revenue for... 

Silvercorp to reward shareholders with any damages from NY lawsuit

By: Matthew Hill Silvercorp Metals, suing its anonymous fraud accusers in a New York County Supreme Court suit, will return any damages it wins to shareholders, chairperson and CEO Rui Feng said on Friday. "The money we can claim back, we will just give to all the shareholders, if we can claim back for all the... 

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